IFC invests in Sucden’s procurement and export operations in Ivory Coast

30 November 2023

IFC announced an investment of up to €100m syndicated term loan on a Unsecured Covenant Light basis (1-year maturity, renewable/re-committed annually, for up to 4 years in aggregate) by IFC to SUCDEN Cote d’Ivoire and its parent company SUCDEN S.A to finance the procurement and export of cocoa beans from Cote d’Ivoire.

The project is expected to be supported by the Global Agriculture and Food Security Program (GAFSP) and IDA20 Private Sector Window Blended Finance Facility (IDA-PSW BFF) as described in the Blended Finance Section.